3120 is a very critical support. Since it is broken, stop loss must be there to minimise the loss. Counters such as Noble, Rotary, Genting which i had mentioned yesterday did not drop much. So the stop will be minimum.
Now it's the time to predict the bottom which is a fun thing to do. From the chart above, it seems to be a free fall is in place. The first level of immediate support will be at 3069 & then come the major level (200DMA) at 3035 - 3040. I believe that the 200DMA shall be able to hold. Another bet can be placed near that level for a long term trade. Again, make sure a proper stop must be in place.
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